Geek In Me

by Terrence O’Brien via switched.com

Those unlocked 1st gen iPhones are going for a surprisingly high chunk of change on eBay, but that’s nothing compared to the prices people are willing to pay for the new iPhone 3G. Unboxed and supposedly unlocked varieties (though we haven’t heard of any functioning unlocking tools) are fetching prices well in excess of $1,000 for the 16 GB variety. Even the 8 GB iPhone is going for $800-$900.

Prices are being driven to astronomic levels by high demand fueled by insatiable gadget lust and limited supplies produced by Apple. Some of that demand is even coming from overseas in countries that simply can’t wait for the new gadget du jour to start shipping to them later this year.